RE: A strange TR-126 Jul 2023 08:23
Know Your Shareholders: The Use of
Cash-Settled Equity Derivatives to
Hide Corporate Ownership Interests
by Eugenio De Nardis and Matteo Tonello
"Regulators across Europe are increasingly aware of the market and
governance distortions that may result from situations of hidden ownership,
where investors use cash-settled equity derivatives to eschew disclosure
rules while stealthily building up stakes in public corporations. Until a
more stringent investor transparency regime is adopted, board members
and senior executives should closely monitor their shareholder base."